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Brutally Honest Advice to My Younger Poorer Self

Alex Hormozi・34 minutes read

Working hard consistently, without immediate rewards, is crucial for success, as it sets you apart and leads to personal growth. Prioritize long-term goals, dedicate substantial effort to a few things, and embrace hard work to achieve lasting success in business and personal endeavors.

Insights

  • Diligent work without expecting immediate rewards can differentiate individuals, emphasizing the importance of perseverance and long-term commitment.
  • Prioritizing focused effort over multitasking, embracing challenges, and seeking guidance from successful mentors are key strategies for achieving lasting success in business and personal growth.

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Recent questions

  • How can hard work lead to success?

    Hard work, encompassing sleepless nights, financial stress, and uncertainty, can set you apart from others. By dedicating substantial time and effort to a few things, you can excel and progress from good to great. Shifting focus from short-term to long-term goals enhances outcomes, as enduring effort leads to lasting success.

  • Why is it important to prioritize long-term goals over immediate rewards?

    Prioritizing long-term goals over immediate rewards is crucial as it leads to lasting success. The combination of work ethic and time is potent in building wealth, and dedicating substantial effort to a few things is key to excelling. Shifting focus from short-term to long-term goals enhances outcomes, akin to a plane needing a lengthy runway for a successful takeoff.

  • How can one achieve business success and build a reputation?

    Achieving business success and building a reputation require time, effort, and a strategic approach. It is essential to prioritize sharpening skills and investing in long-term goals over immediate rewards. Consistent work and dedication are necessary to avoid falling behind competitors and to ensure lasting success.

  • What is the impact of not working on weekends on business income?

    Not working on weekends can have a significant impact on business income and sales. Embracing working on weekends and dedicating substantial time and effort to projects are crucial for long-term success. It is important to understand that significant projects require years of dedication and that enduring effort leads to lasting success.

  • How can one achieve success in the business world?

    Success in the business world requires embracing challenges and adversity for personal growth and self-reflection. Prioritizing long-term goals over immediate rewards, working diligently, and dedicating substantial time and effort to a few things are key factors in achieving success. Building relationships, providing value without expecting immediate returns, and seeking advice from successful individuals can also lead to long-term opportunities and significant income growth.

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Summary

00:00

"Long-term effort leads to lasting success"

  • Working diligently without expecting immediate rewards can set you apart from the majority.
  • Hard work entails sleepless nights, doubts, financial stress, unfinished tasks, and uncertainty.
  • The more effort you invest, the more you realize your previous notion of hard work was inadequate.
  • The most potent wealth-building combination is work ethic and time, as progressing from good to great demands immense effort.
  • Dedicate substantial time and effort to a few things to excel, as being good at many things is unattainable.
  • Embrace working on weekends and understand that significant projects require years of dedication.
  • Shifting focus from short-term to long-term goals enhances outcomes, akin to a plane needing a lengthy runway for a successful takeoff.
  • Entrepreneurship embodies uncertainty, sleepless nights, financial worries, and the absence of immediate gratification.
  • Building a reputation and business success necessitate time, effort, and a strategic approach.
  • Prioritize sharpening your skills and investing in long-term goals over immediate rewards, as enduring effort leads to lasting success.

10:26

"Work ethic key to business success"

  • A buddy discussed an employee requesting 6 weeks of paid vacation despite limited experience.
  • The buddy offered 110 days off annually, including weekends and federal holidays.
  • Advised against undoing progress by indulging in cheat days or drinking on weekends.
  • Highlighted the impact of not working weekends on business income and sales.
  • Emphasized the necessity of consistent work to avoid falling behind competitors.
  • Success is the ultimate response to critics, overshadowing them with achievements.
  • Losing $25 million due to a competitor's influence led to a vow to dictate personal actions.
  • Winners focus on customers, not competitors who imitate, signifying validation of one's path.
  • The vast potential in the business world, with numerous opportunities available.
  • The importance of challenges and adversity in personal growth and self-reflection.

20:27

"Guidance, Value, and Success: Keys to Growth"

  • The best advice comes from those who have achieved what you desire, as they can guide you to success faster and help you avoid unnecessary setbacks.
  • There are seven levels to weigh advice: from social media comments to individuals who have repeatedly helped others like you reach their goals, with the highest level being someone who has successfully guided multiple individuals similar to you.
  • Giving value for free initially can lead to opportunities for paid work, as it showcases your skills and dedication, eventually allowing you to set fair prices based on demand.
  • Building relationships and providing value without expecting immediate returns can lead to long-term opportunities, as demonstrated by the success of providing value to numerous individuals, potentially leading to significant income and career growth.
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